Sochi Investment Forum: Chelyabinsk brings home $365 mln investment

The Sochi investment Forum was held on February 15-16. It is the most significant event of its kind where Russia’s regions present their investment potentials and sign trend setting agreements.

The Governor of Chelyabinsk region signed an agreement with the company KSP about an $365 mln investment in a plant for the production of innovative pipes for oil & gas industry. The plant will be established in the town of Verkhni Ufalei creating 1,500 jobs for the local residents.The project is supported by the Mono-cities Foundation (state agency supporting the development of towns and cities which economy is solely based on an old-fashion plant/factory established in Soviet times).